Historic September IPO Surge: Over 25 Companies Go Public In India As Market Sees Record-Breaking Investor Rush

India’s stock market is witnessing an unprecedented IPO boom in September, with over 25 companies going public, marking an all-time high for a single month, The Economic Times reported.

On 23 September alone, ten IPOs debuted, collectively seeking more than Rs 2,700 crore from investors.

The September rush has already surpassed previous years, with over 20 issues compared to just 14 in September 2023 and 12 in 2024.

By month-end, listings will include urban tech platforms, manufacturing firms, financial services, and SMEs. Key IPOs include Urban Company (Rs 1,900 crore), Tata Capital (Rs 17,200 crore, later this month), Amanta Healthcare, Dev Accelerator, and Euro Pratik Sales.

Subscription rates remain robust, with most issues oversubscribed 60–104 times, reflecting strong investor appetite despite market volatility.

Several factors are driving this frenzy. Regulatory deadlines for companies with March 2025 financials are pushing mid-sized and smaller firms to list before 30 September.

Many IPOs are also accelerating to avoid competing with upcoming large launches from LG India, Tata Capital, Pine Labs, Groww, and Physics Wallah. Additionally, buoyant markets, strong valuations, and festive season optimism have boosted investor participation.

According to JPMorgan, total IPO proceeds in 2025 are expected to exceed $20.5 billion from 91 IPOs in 2024, making India the world’s second-largest IPO market after the U.S. Nearly $13 billion of IPOs have regulatory approval, with up to $18.7 billion awaiting clearance.

The excitement spans mainboard and SME offerings, covering engineering, metals, technology, and retail sectors, giving investors opportunities to balance blue-chip stability with high-growth prospects.

With over 50 IPOs already launched this year and marquee deals from Reliance Jio, Tata Capital, LG Electronics India, Lenskart, and Groww still pending, the momentum is expected to continue into 2026.

India’s IPO wave underscores the country’s deepening capital markets, growing investor confidence, and entrepreneurial dynamism, positioning Dalal Street in the midst of a historic market surge.

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